TIGTA Audit Reveals Issues With How IRS Handles Requests for Appeals Hearings
Established in 1998 to provide independent oversight to the Internal Revenue Service (IRS), the Treasury Inspector General for Tax Administration (TIGTA) regularly audits IRS processes. In September 2019, the group completed an audit of various aspects of the IRS appeals hearing process. The TIGTA found several mistakes that are worrisome for taxpayers.
What Is the […]
IRS OIC Acceptance Rate And Tax Levies Rise; Liens and Audits Fall in 2018
The IRS released its 2018 version of the IRS Data Book, which provides a snapshot of all activities conducted by the agency during the previous fiscal year. It covers activities that the IRS conducted between October 1, 2017, and September 30, 2018. It includes tax returns, appeals, exams, audits, levies, liens, and other tax-enforcement activities. The […]
Why Private Collection Agencies Present Unique Dangers to Taxpayers
Private collection agencies are now being assigned to collect selected delinquent accounts for the IRS. These agencies have placed some taxpayers in such stressful positions that it is hard for them to meet their living expenses.
In 2015, Congress enacted the Fixing America’s Surface Transportation Act (FAST Act), which, among other things, required the IRS […]
Final Regulations for the Pass-Through Section 199A Deduction Arrive Right Before Tax Season
The sweeping changes of the Tax Cuts and Jobs Act (TCJA) that went into effect at the beginning of January 2018 included a 20% pass-through deduction to non-corporate taxpayers with “qualified business income.” What is known as the “pass-through rules,” taxpayers can find them in 26 […]
Time Is Running out on the New Jersey Tax Amnesty Program
As the year comes to a close, and we all look forward to the holidays, the state of New Jersey is offering something that will light up some of its residents with even more joy. The New Jersey Division of Taxation or “Division,” has mailed letters to all taxpayers, both individual and businesses, who […]